This website uses cookies to ensure you have the best experience. Learn more

Importance Of Teamwork Essay

1095 words - 5 pages

Importance of teamwork
Teamwork can be simply defined, "as a state of unity achieved within a group of people working for a specific economic benefit." The phenomenon of teamwork in business is basically used to define the coordination and cooperation, between the members of a partnership that form a business or a joint venture or a private limited company. There are several, genuine advantages of preserving a team spirit, in such organizations, so as to ensure optimized output. There are several firms and companies, around the world, that operate as business groups and have a very well-defined set of rules and regulations, so as maintain the team spirit and ensure teamwork in their ...view middle of the document...

The division of work, also, ensure that the work is done on time and deadlines are not extended.

Reduction of Risk
When the task at hand is executed with the maximum possible efficiency, there is a reduction in risk. The best advantage of teamwork in business is that the burden of failure is borne by all the members of the team and it does not fall on the shoulders of just one person.

Specialization in Work
Another very good advantage of teamwork in business is that a person is able to specialize in one specific field. That is, he can optimize the quality of the work that he does, and can also work with the maximum possible efficiency. This ensures a high quality output from all individuals and the whole team.

Subordination of Personal Interest to Organizational Interest
One of the biggest advantages of teamwork is that personal interest is subordinate to organizational interest. This ensures that all the team members put in the maximum possible efforts into their work, thereby ensuring a high quality and timely output.

Teamwork is used across many different industries to increase performance, employee unity and company culture. Companies that must frequently develop new ideas or products using a project-based approach assemble teams in order to diffuse responsibility. Team members use teamwork to bounce ideas off of one another before deciding on a development path for a project.
Problem Solving

Teamwork is important due to the problem-solving synergy gained from multiple minds working on a solution. When one person works on a specific company problem, that person only has her personal experience and knowledge from which to pull for solutions. Using teamwork, team members pool their collective ideas together to generate unique ideas for dealing with problems. Problems in this case are not purely negative. The problem could be developing a product for a consumer to address a need that the consumer does not know that she has.
Communication

Teamwork is the backbone of effective communication within a company. When employees work as individuals or independently on projects, they may not readily share knowledge or new information. This lack of communication increases the time it takes to complete projects, tasks or the development of solutions. Teamwork promotes conversation between employees regarding the task at hand, possibly...

Other Essays Like Importance of Teamwork

Team Work Essay

1816 words - 8 pages Table of content: 1. Article one : Team management skills 2 1.1 strengths 2 1.2 weakness 3 2. Effective teamwork: practical lessons from organizational research (3rd edition) 3 2.1 strength 4 2.2 weakness 4 3. 12 tips for team building 5 3.1 weakness 5 4. Vital factors for building an effective team 6 4.1 strength 6 Implementation and reflection 6 1. Goals 6 2

Business Memo Essay

1341 words - 6 pages conceptualize the reasons behind the importance of personal selling. This assignment has changed my perspective on 5 key aspects of personal selling: teamwork skills, customer value proposition, self-leadership, sales dialogue planning, and the characteristics of sales careers. These aspects give a more comprehensive outlook on personal selling and how it applies to my life. Teamwork is one of the skills that remain an essential part of any

The Value of Team work

1282 words - 6 pages Virtual meetings (2012), “Many managers don't like the "remote" aspect of virtual meetings, not being able to judge from a bland graphic the content of a statement.” Many times some people might think that when they are placed on a team that their contributions will be overlooked, and that is simply not true at all. Because emphasizing the value of teamwork and the importance of collaboration let everyone involved in the project know that

Designing Effective Work Teams

1152 words - 5 pages constituting five main components: 1) task effectiveness, 2) team member well-being, 3) team viability, 4) team innovation, and 5) inter-team cooperation. (West, Effective teamwork : practical lessons from organizational research, 2012). This view provides a comprehensive approach to team effectiveness that is beyond simply the responsibility to achieve a common goal, or meet measured outcomes. Measuring Effectiveness of Work Teams Sundstrom et

Motions Rising

929 words - 4 pages and friends. I did not attend discussion and group work, and seemed to ignore the strength of teamwork. I realized that I did not consult my tutors in academics; rather I attempted to do my own research. In co-curricular activities, I realized that I had done little in games and clubs within the university, despite having a number of athletic teams, training personnel as well as other facilities. I was not able to attend any of the activities

Team Communcation

1269 words - 6 pages Team Communication Communication and teamwork are the major structures for building a successful team. Whether the team has face to face meetings or are in a virtual format, if there is no or poor communication within the team this can lead to conflicts, cause the delay of team projects, and could contribute to the derailing of the teams goals. It is important that the team focus on having an open communication system which could help eliminate

Learning Journal

1540 words - 7 pages strategy is, learning what a high-value organization is, the components of an HR business strategy, learning about the HR business strategy matrix, learning what an HR business strategy looks and feels like, human systems and organizational culture, understanding the HR maturity scale, learning about teamwork, employee value, appreciation, and value measures and management tools. Human resource strategies are designed to ensure that small

Cross Border Teamwork

1126 words - 5 pages Exercise 2 – Cross-Border Teamwork Alexander Braeunig Ramkhamhaeng University Course: BUS 7100 – Managing Human Capital Lecturer: Prof. Dr. Aysar Sussan Term: 01/2015 Submission date: 26th of July Abstract The word “cross border teamwork” becomes nowadays more popular in every multinational organization. Global business Management needs cross-border teamwork for effective communication and contribution. Big companies have

Functions of Management

1231 words - 5 pages effectively is the main mission. In the military the organizational function can impact mission accomplishment greatly. A command with effective organization of personnel and recourses is commonly a unit with strong unit cohesion and teamwork. These two attributes go hand in hand in the functionality of a unit. When the organization of a unit is poor it is likely the junior troops will have less respect and willingness to work towards a

Starbucks

1518 words - 7 pages Starbucks Corporation: Case Study in Motivation and Teamwork Because of rapid globalization over recent years, competition around the world becomes more intense, especially for the service industry with similar products. The most critical point for business to achieve success is not only the quality of products they supply, but the atmosphere of cooperating and the amount yielded from teamwork in retail sales. Therefore, it turns out to be

Breadtalk Expansion in Austrailia

1345 words - 6 pages 2010). By understanding cultural differences, a manager can resolve conflicts that can arise in a diverse workplace, creating a conducive work environment; cultivating teamwork which is important in task performance and also better enable him to identify what motivates and attracts individual employees to retain a capable workforce (Higgs 1996). A study on Australia culture using Hofstede 5 dimensions of culture (see appendix 1.0) aided in

Related Papers

Academic Study Skills Essay

1706 words - 7 pages become a team player. New York, LearningExpress. Cartwright, R. (2002). Mastering team leadership. New York, Palgrave Macmillan. Hicks, K. L., & Barton, T. K. (2014). Winning by teamwork. Martin, R. (2013). Teamworking skills for social workers. Maidenhead, Berkshire, Open University Press. Outhwaite, S. (2003). The importance of leadership in the development of an integrated team. Journal of Nursing Management. 11, 371-376. Yeatts, D. E

“Describe Three Ways In Which Teamwork Can Be Of Benefit To Organizations (Give Examples) And Give Two Benefits That Individuals Might Gain From Working In Teams”

1145 words - 5 pages individual has more motivation to complete and achieve the goal, with a reference to the feeling of belonging. Following the Maslow theory of motivation and the Hierarchy of needs, the third factor of importance in order for a person to be motivated is the feeling of “Love and Belonging”, which can be enhanced by teamwork and result in overall well-being of an individual, e.g. receiving a raise in terms of salary for a successful work. In

Team Work Essay

606 words - 3 pages Today I am going to tell you the importance of teamwork in the workplace, some strategies for effective team communication, and strategies for effective team collaboration. All of these aspects are very important in being successful in the workplace. Who does not want to be successful? If you use these guidelines while at work you will be sure to succeed. Teamwork in the workplace is a very vital thing to use in your everyday work life

Teamwork And Team Decisions Essay

1118 words - 5 pages taught me a lot. We can accomplish more when we work together as a team. Individual talent as impressive as it may be, will only be multiplied when that person joins forces with others. As a team when we have a sense of community and focus, we create trust and can help each other to achieve our goals. Teamwork has taught me the importance of empathy and understanding to stand by each other in difficult times, as well as when we are strong. As